PT Solid Gold Berjangka | Nikkei 225 Extends Record Highs Led by Gains in Trading Houses

01:36 26 February in Market, PT SGB, SOLID GOLD BERJANGKA | SOLID GROUP by admin_sgb_tcc

Solid Gold Berjangka | That’s a significant update on the Japanese equities market. Here’s a summary of the key points:

Japanese equities are continuing their rally, building on the momentum from the Nikkei 225 reaching a record high last week.
On Monday, the advance was particularly strong in the wholesale trading sector, following Berkshire Hathaway’s report of an $8 billion unrealized gain in Japan’s five largest trading houses.
The Topix Index rose 0.4% to 2,671.78 as of 9:09 a.m. Tokyo time.
The Nikkei also saw gains, advancing 0.5% to 39,284.63.
Shin-Etsu Chemical Co. was a significant contributor to the Topix Index gain, increasing by 2.6%.
Out of 2,152 stocks in the index, 1,461 rose, 557 fell, and 134 remained unchanged. It’s worth noting that Japan was on a holiday on Friday.
Shoji Hirakawa, a chief global strategist at Tokai Tokyo Research Institute, mentioned that with the Nikkei 225 hitting an all-time high last week, the next one to two weeks could be seen as festive. He also noted that high-tech-related companies are likely to continue gaining momentum in the top ranking.
Investors and strategists are optimistic about further gains in the Nikkei and are watching for a potential broadening of equities advances that may push the wider Topix index to an all-time high this year.

Source: Bloomberg

Blog